EX-99.SECTION 19(A) 3 a19-7176_1ex99dsection19a.htm EX-99.SECTION 19(A)

Exhibit 99.Section 19(a)

 

EXHIBIT 3: NOTICES TO FUND’S SHAREHOLDERS IN ACCORDANCE WITH INVESTMENT COMPANY ACT

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: December 31, 2018

 

Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid December 31, 2018, and the cumulative distributions paid this fiscal year-to-date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.

 

 

 

Current
Distribution

 

Percentage
Breakdown
of Current
Distribution

 

Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Net Investment Income

 

$

0.0211

 

18

%

$

0.0577

 

16

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Return of Capital or Other Capital Source

 

$

0.0956

 

82

%

$

0.2924

 

84

%

TOTAL (per common share):

 

$

0.1167

 

100

%

$

0.3501

 

100

%

 

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

 

Average annual total return at NAV for the period from inception through November 30, 2018(2)

 

2.03

%

Annualized current distribution rate expressed as a percentage of NAV as of November 30, 2018

 

9.55

%

Cumulative total return at NAV for the fiscal year, through November 30, 2018(3)

 

-1.98

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of November 30, 2018(1)

 

2.39

%

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy.

 

The composition of this and subsequent distribution may vary from month to month because it may be materially impacted by future realized gains and losses on securities. The aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is -$152,054,509, of which $141,451,975 represents net unrealized depreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

(1)         The Fund’s current fiscal year began on October 1, 2018.

(2)         Inception date was June 26, 2015, which is the date of the initial public offering.

(3)         Cumulative total return at NAV is the percentage change in the Fund’s NAV and includes all distributions and assumes the reinvestment of those distributions for the period of September 30, 2018 through November 30, 2018.

 

Tekla World Healthcare Fund

CUSIP: 87911L108
www.teklacap.com

 

Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

02YOEA 002CSN99CC

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: January 31, 2019

 

Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid January 31, 2019, and the cumulative distributions paid this fiscal year-to-date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.

 

 

 

Current
Distribution

 

Percentage
Breakdown
of Current
Distribution

 

Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Net Investment Income

 

$

0.0000

 

0

%

$

0.0577

 

12

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Return of Capital or Other Capital Source

 

$

0.1167

 

100

%

$

0.4091

 

88

%

TOTAL (per common share):

 

$

0.1167

 

100

%

$

0.4668

 

100

%

 

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

 

Average annual total return at NAV for the period from inception through December 31, 2018(2)

 

-1.04

%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2018

 

10.71

%

Cumulative total return at NAV for the fiscal year, through December 31, 2018(3)

 

-11.79

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of December 31, 2018(1)

 

3.57

%

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy.

 

The composition of this and subsequent distribution may vary from month to month because it may be materially impacted by future realized gains and losses on securities. The aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is -$131,098,194, of which $110,183,557 represents net unrealized depreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

(1)         The Fund’s current fiscal year began on October 1, 2018.

(2)         Inception date was June 26, 2015, which is the date of the initial public offering.

(3)         Cumulative total return at NAV is the percentage change in the Fund’s NAV and includes all distributions and assumes the reinvestment of those distributions for the period of September 30, 2018 through December 31, 2018.

 

Tekla World Healthcare Fund

CUSIP: 87911L108
www.teklacap.com

 

Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

02ZE6A 002CSN9AAA

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: February 28, 2019

 

Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid February 28, 2019, and the cumulative distributions paid this fiscal year-to-date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.

 

 

 

Current
Distribution

 

Percentage
Breakdown
of Current
Distribution

 

Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Net Investment Income

 

$

0.0000

 

0

%

$

0.0577

 

10

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Return of Capital or Other Capital Source

 

$

0.1167

 

100

%

$

0.5258

 

90

%

TOTAL (per common share):

 

$

0.1167

 

100

%

$

0.5835

 

100

%

 

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

 

Average annual total return at NAV for the period from inception through January 31, 2019(2)

 

0.88

%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2019

 

10.10

%

Cumulative total return at NAV for the fiscal year, through January 31, 2019(3)

 

-5.55

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of January 31, 2019(1)

 

4.21

%

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy.

 

The composition of this and subsequent distribution may vary from month to month because it may be materially impacted by future realized gains and losses on securities. The aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is -$120,256,116, of which $97,656,099 represents net unrealized depreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

(1)         The Fund’s current fiscal year began on October 1, 2018.

(2)         Inception date was June 26, 2015, which is the date of the initial public offering.

(3)         Cumulative total return at NAV is the percentage change in the Fund’s NAV and includes all distributions and assumes the reinvestment of those distributions for the period of September 30, 2018 through January 31, 2019.

 

Tekla World Healthcare Fund

CUSIP: 87911L108
www.teklacap.com

 

Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

0304HA 002CSN9C63

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: March 29, 2019

 

Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid March 29, 2019, and the cumulative distributions paid this fiscal year-to-date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.

 

 

 

Current
Distribution

 

Percentage
Breakdown
of Current
Distribution

 

Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Net Investment Income

 

$

0.0000

 

0

%

$

0.0577

 

8

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Return of Capital or Other Capital Source

 

$

0.1167

 

100

%

$

0.6425

 

92

%

TOTAL (per common share):

 

$

0.1167

 

100

%

$

0.7002

 

100

%

 

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

 

Average annual total return at NAV for the period from inception through February 28, 2019(2)

 

1.21

%

Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2019

 

10.06

%

Cumulative total return at NAV for the fiscal year, through February 28, 2019(3)

 

-4.35

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of February 28, 2019(1)

 

5.03

%

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy.

 

The composition of this and subsequent distribution may vary from month to month because it may be materially impacted by future realized gains and losses on securities. The aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is -$115,539,877, of which $75,670,724 represents net unrealized depreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

(1)         The Fund’s current fiscal year began on October 1, 2018.

(2)         Inception date was June 26, 2015, which is the date of the initial public offering.

(3)         Cumulative total return at NAV is the percentage change in the Fund’s NAV and includes all distributions and assumes the reinvestment of those distributions for the period of September 30, 2018 through February 28, 2019.

 

Tekla World Healthcare Fund

CUSIP: 87911L108
www.teklacap.com

 

Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

031F1A 002CSN9E1B

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: April 30, 2019

 

Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid April 30, 2019, and the cumulative distributions paid this fiscal year-to-date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.

 

 

 

Current
Distribution

 

Percentage
Breakdown
of Current
Distribution

 

Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Net Investment Income

 

$

0.0000

 

0

%

$

0.0577

 

7

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Return of Capital or Other Capital Source

 

$

0.1167

 

100

%

$

0.7592

 

93

%

TOTAL (per common share):

 

$

0.1167

 

100

%

$

0.8169

 

100

%

 

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

 

Average annual total return at NAV for the period from inception through March 31, 2019(2)

 

1.53

%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2019

 

10.02

%

Cumulative total return at NAV for the fiscal year, through March 31, 2019(3)

 

-3.13

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of March 31, 2019(1)

 

5.85

%

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy.

 

The composition of this and subsequent distribution may vary from month to month because it may be materially impacted by future realized gains and losses on securities. The aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is -$132,780,614, of which $87,206,818 represents net unrealized depreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

(1)         The Fund’s current fiscal year began on October 1, 2018.

(2)         Inception date was June 26, 2015, which is the date of the initial public offering.

(3)         Cumulative total return at NAV is the percentage change in the Fund’s NAV and includes all distributions and assumes the reinvestment of those distributions for the period of September 30, 2018 through March 31, 2019.

 

Tekla World Healthcare Fund

CUSIP: 87911L108
www.teklacap.com

 

Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

032CHA 002CSN9F7A

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: May 31, 2019

 

Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid May 31, 2019, and the cumulative distributions paid this fiscal year-to-date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.

 

 

 

Current
Distribution

 

Percentage
Breakdown
of Current
Distribution

 

Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Net Investment Income

 

$

0.0000

 

0

%

$

0.0577

 

6

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Return of Capital or Other Capital Source

 

$

0.1167

 

100

%

$

0.8759

 

94

%

TOTAL (per common share):

 

$

0.1167

 

100

%

$

0.9336

 

100

%

 

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

 

Average annual total return at NAV for the period from inception through April 30, 2019(2)

 

0.76

%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2019

 

10.40

%

Cumulative total return at NAV for the fiscal year, through April 30, 2019(3)

 

-5.80

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of April 30, 2019(1)

 

6.94

%

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy.

 

The composition of this and subsequent distribution may vary from month to month because it may be materially impacted by future realized gains and losses on securities. The aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is -$121,444,484, of which $74,276,295 represents net unrealized depreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

(1)         The Fund’s current fiscal year began on October 1, 2018.

(2)         Inception date was June 26, 2015, which is the date of the initial public offering.

(3)         Cumulative total return at NAV is the percentage change in the Fund’s NAV and includes all distributions and assumes the reinvestment of those distributions for the period of September 30, 2018 through April 30, 2019.

 

Tekla World Healthcare Fund

CUSIP: 87911L108
www.teklacap.com

 

Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

032X2A 002CSNA0A9